Rene Buehlmann, UBS Asset Management
UBS Asset Management has appointed Raymond Yin as its new Asia-Pacific head, in addition to his head of China onshore role, effective 1 February. He will continue to be based in Shanghai.
Yin will replace Buehlmann, who decided to take a sabbatical and plans to take on a new opportunity within UBS upon his return, according to an internal memo from the firm, which did not mention a timeframe. The memo noted that because Buehlmann is on sabbatical, he remains an employee of UBS.
In his new role, Yin will also join the UBS AM executive committee, reporting directly to president Ulrich Koerner. He will also become a member of the UBS Group Apac executive committee, reporting to Ed Koh, the firm’s Apac president, and join the client coverage management committee, according to the memo.
Yin joined UBS AM only last month in his Shanghai-based China role, reporting to Buehlmann. In that role, he is responsible for leading the execution of the China strategy, including the development of the firm’s wholly foreign owned enterprises (WFOE) and the joint venture with State Development Investment Corporation (SDIC).
In China, the firm’s investment management WFOE, which is registered as both a qualified domestic limited partner (QDLP) and private fund manager (PFM) has at least 30 staff, including investment management professionals. Its joint venture with SDIC has around 250 people.
Yin was previously a partner and head of the international division for Shanghai Chongyang Investment Management and CEO of Chongyang International Asset Management. He also spent much of his career at Goldman Sachs, including serving as head of China equities.